The brief
- Buyback covers up to 2.03% of paid-up equity
- Promoters will not participate in the buyback
- The buyback offers a premium exit opportunity for TCI shareholders
TCI buyback proposal
Transport Corporation of India shares rose as much as 14%–15% after the company said its board would consider a share buyback proposal on September 29.
Tuesday, 29 September
- TCI approves ₹150 crore buyback at ₹960 per share